You are here
Allan Flynn: Gold and silver futures were easy targets for spoofers
11:55a HKT Friday, April 6, 2018
Dear Friend of GATA and Gold:
Allan Flynn, who runs the "Comex, We Have a Problem" blog, this week posted a fascinating review of the traders who are the major targets of the recent investigation by the U.S. Justice Department and Commodity Futures Trading Commission of "spoofing" in the monetary metals futures markets.
Two details that may be of special interest:
1) The traders seemed to find "spoofing" exceedingly easy. So one may wonder how much easier market manipulation may be for governments with access to infinite money and more advanced technology and programming -- especially since U.S. law fully authorizes the U.S. government to rig surreptitiously any market in the world.
2) The government's first investigation of manipulation of the monetary metals markets failed to identify the evidence developed by the class-action anti-trust lawsuits brought against bullion banks in federal court in New York. The government's second investigation has caused a long delay in those lawsuits.
Flynn's report is headlined "U.S. Gold and Silver Futures Markets: 'Easy' Targets" and it's posted at "Comex, We Have a Problem" here:
http://comexwehaveaproblem.blogspot.hk/2018/04/us-gold-silver-futures-ma...
Flynn, an Australian, is hoping to attend and report about the upcoming trial of one of the traders charged, which will be held in Connecticut soon, and is seeking to raise money for his expedition at GoFundMe here:
https://www.gofundme.com/Gold-Spoofing-Trial
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Fisher Precious Metals is preparing and equipping
clients for the upcoming 'Everything Bubble'
Fisher Precious Metals, North America's top-rated bullion dealer, known for personal service and great pricing, has been helping Americans and Canadians protect their wealth with precious metals for more than a decade. Enjoying a five-star client rating across the internet with no complaints at the Better Business Bureau, the team at Fisher Precious Metals works hard to serve you.
We have helped thousands of clients in buying and selling bullion, arranging segregated and offshore storage, establishing precious metals IRAs, and obtaining certified precious metals appraisals. We provide security to our clients with our Bullion Authenticity Guarantee. We recommend that you read our article "How to Avoid Bullion Counterfeits":
https://fisherpreciousmetals.com/precious-metals/bullion-authentication/
As a family-owned business, we strive to help you assess your wealth-protection goals and overall investment objectives. From the new precious metals buyer to the seasoned bullion investor, we are here to help you with a no-pressure, confidential consultation. Rest assured that everyone in our firm owns physical precious metals and no one is compensated via commission -- period.
Fisher Precious Metals is your full-service precious metals investment partner for life. Please call us at 1-800-390-8576 or visit us here:
https://fisherpreciousmetals.com
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
